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A Yale-educated senator just dismantled Boeing's CEO in under 90 seconds using nothing but math. Senator Josh - "What is it that you get paid currently?" Dave - "That's well disclosed in our proxy documents." Senator Josh - "Well, let me help you out. It's $32.8 million this year. Sound right?" Dave - "Yes, it does." Senator Josh - "That's a 45% increase over last year. Sound right?" Dave - "Yes, it does." Senator Josh - "You've got 32,000 machinists in the Pacific Northwest. They got 1% wage increases over 8 years. You got 45% just last year. Do you think maybe these folks deserve a raise?" Dave - "They will definitely get a raise." Then came the verdict. "I've listened to your testimony. The gist seems to be that if you could just get your employees to comply, things would be better. I don't think the problem is with the employees. I think the problem is with you. It's the C-suite. It's the management. Your engineers are probably the best in the world. Your machinists are outstanding. You're the problem." "I just hope to God that you don't destroy this company before it can be saved." PS. We post daily content strictly for dedicated entrepreneurs, so if you’re one of them, make sure to follow us Entrepreneurs on X for more. Like and repost if you found value in this post:
Entrepreneurs on X760,744 Aufrufe • vor 2 Monaten
Naval Ravikant reveals Elon Musk cut off Bill Gates after he placed a roughly $1 billion short bet against tesla. "Elon was like, why would you do that? How would you short Tesla?" "Bill goes, well, my financial advisors looked at the math, and there's no way it's overvalued, so I'm going to make money on the short." "Elon goes, what do you care about making money? I thought you were into electric cars and climate change and saving the world. What are you doing trying to save a few bucks betting against it?" "I think he never talked to Bill Gates after that." "That's when I realized Elon's a purist. He means what he says. The money is a tool for him to get what he's trying to do." "There's a lot of people who set these audacious goals to inspire people, but you kind of know they don't really need it. Elon, I take at face value. I really do think he intends to get to Mars within a defined window of time. He doesn't want to go down in history as the electric car guy. He wants to go down as the guy who got humanity to the stars." PS. We post daily content strictly for dedicated entrepreneurs, so if you’re one of them, make sure to follow us Entrepreneurs on X for more. Like and repost if you found value in this post:
Entrepreneurs on X416,502 Aufrufe • vor 1 Monat
The man who produced Johnny Cash, Red Hot Chili Peppers, and Adele explains why Hollywood keeps making soulless movies: "The audience comes last. I'm not making it for them, I'm making it for me." "When you make something truly for yourself, you're doing the best thing you possibly can for the audience." "So many big movies are just not good because they're being made by people trying to make something they think someone else is going to like. That's not how art works. That's commerce." "Everything we make as artists are essentially diary entries."
Entrepreneurs on X609,791 Aufrufe • vor 3 Monaten
Michael O'Leary on why Ryanair won't use Starlink Wi-Fi: Elon Musk wants Ryanair to install Starlink, but O'Leary did the math and shut it down. "We have to put a couple of dimples on the outside of the aircraft. It would be about a 2% fuel drag." "My fuel bill is 5 billion a year. 2% fuel drag is something of the order of about 100 million." "Starlink believes passengers will pay you 1 euro, 2 euro, and it will pay for itself." "Clearly they've never met any Ryanair passengers." He's not spending 100 million so passengers can scroll for free:
Entrepreneurs on X552,876 Aufrufe • vor 3 Monaten
Michael O'Leary on holidays vs work His family forces him to take two holidays a year, and he hates every second of it. "My children like to go on holidays, my wife likes to go on holidays and I prefer to go to work." A week skiing and two weeks in the summer. "On the scale of one to ten, how much pain are they for you? When the children were under five, I would say it was probably about ten and a half, incalculable pain." Now he's adapted by becoming the "entertainment officer" so he can at least stay busy. "I like working. I'm very privileged to work for Ryanair. Ryanair is a phenomenal success story, one of the great Irish success stories of the last 30 years." Some people were built to work, not relax.
Entrepreneurs on X379,984 Aufrufe • vor 3 Monaten
Jon Taffer reveals the $8 marketing strategy that beats $5,000 ads. "If you go to a restaurant and have a flawless experience, the statistical likelihood of you coming back is about 42%. If you come back and have a second flawless experience, your likelihood of a third visit is still under 50%. But if you come back a third time, the likelihood of a fourth visit is 72%." "When you come to our restaurants, we ask if you've been here before. If you say no, we put a red cocktail napkin down. The manager introduces himself. We send you a postcard, free rib dinner, no restrictions." "At the end of the rib dinner, the manager comes up and says, you've got to try our chicken. He writes on the back of a business card, five dollars off chicken, gives it to you. You come back for the chicken dinner. The manager comes over, great, you've got to try my cheesecake. Free piece of cheesecake." "It cost me about eight dollars to get a new customer to three visits. The typical restaurant in a market like New York, your acquisition cost can be almost $1,200 for every customer you get." PS. We post daily content strictly for dedicated entrepreneurs, so if you’re one of them, make sure to follow us Entrepreneurs on X for more. Like and repost if you found value in this post:
Entrepreneurs on X75,315 Aufrufe • vor 1 Monat
Most CEOs of $2 trillion companies stopped reading customer emails a long time ago, Jeff Bezos never did. Bezos says one customer complaint isn't a customer service problem, it's a root cause waiting to be fixed for every customer. "My email address is famous and I keep it, it's jeff@amazon. com. I'll get one from a customer and there's a defect. Something seems a little odd about it." "I ask the team to do a case study and find real root causes, usually causes, and then real root fixes." "When you fix it, you're not fixing it for that one customer. You're fixing it for every customer. That process is a gigantic part of what we do." PS. We post daily content strictly for dedicated entrepreneurs, so if you’re one of them, make sure to follow us Entrepreneurs on X for more. Like and repost if you found value in this post:
Entrepreneurs on X96,650 Aufrufe • vor 2 Monaten
Aravind Srinivas (CEO of Perplexity) describes the Indian dream. "For my mom, just getting a job was success. All we wanted was to get a job at Google. Being an engineer at Google was considered a win." "I'm already doing remarkably well compared to the ambition we had as a family. So there's really nothing for me to lose." "Anytime I try to act like I'm trying to avoid failure and being on the defense, I remind myself that's the stupidest thing to do. Go all in and try your best, be on the offense all the time, attack, attack, attack." PS. We post daily content strictly for dedicated entrepreneurs, so if you’re one of them, make sure to follow us Entrepreneurs on X for more. Like and repost if you found value in this post:
Entrepreneurs on X63,601 Aufrufe • vor 1 Monat
Kevin O'Leary explains why he avoids hiring workaholics. "I don't hire workaholics. If you look at great managers, great investors, great entrepreneurs, you're going to find a common trait, what they do with their spare time. And you're going to find out it's something in the arts or it's something in sports, something that has nothing to do with business. Because you need the balance in your brain between the chaos of the arts and the discipline of business." PS. We post daily content strictly for dedicated entrepreneurs, so if you’re one of them, make sure to follow us Entrepreneurs on X for more. Like and repost if you found value in this post:
Entrepreneurs on X33,027 Aufrufe • vor 1 Monat
The kind of optimism you NEED to make it as an Entrepreneur:
Entrepreneurs on X34,536 Aufrufe • vor 1 Monat
Linus Charles wrote Linux at 21 from his mother's apartment in Helsinki and he just explained the philosophy that made him give it all away for free: "When I started Linux, I needed an operating system for my own use, and today you find Linux everywhere." "In small embedded devices, supercomputers, this technology allows you to expand into many different niches." "Working in an open source project where you work with hundreds, potentially thousands of people, makes the whole technology even more interesting." "One of the nice things about Linux and open source in general is that there's a lot of different things and everybody has something that you can give to the project." PS. We post daily content strictly for dedicated entrepreneurs, so if you’re one of them, make sure to follow us Entrepreneurs on X for more. Like and repost if you found value in this post:
Entrepreneurs on X12,486 Aufrufe • vor 2 Monaten
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